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Updated over 3 years ago on . Most recent reply

User Stats

9
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11
Votes
Oscar Rodriguez
11
Votes |
9
Posts

I CANT FIND DEALS!!!

Oscar Rodriguez
Posted

I flipped a house at 19 years old earlier this year my partner is an active investor and found the deal off-market but since then I haven't been able to find any deals after submitting dozens of offers through redfin and sunade. How do I find wholesalers???

Most Popular Reply

User Stats

8
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8
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Denny Cash
  • Rental Property Investor
  • Jefferson City, MO
8
Votes |
8
Posts
Denny Cash
  • Rental Property Investor
  • Jefferson City, MO
Replied

Hey @Oscar Rodriguez. I get your frustration. One thing I have started doing is taking pictures of rundown or abandon properties. Once I get some free time, I look up the tax record and then mail the property owner a letter stating my interest. I am new(er) to property investing, but two of my properties I acquired this way. 

Another thing I would look into is the county courthouse auction. Most counties have auctions online, however, some still meet on the courthouse lawn. I have not had luck doing this, but I know of others who have gotten good deals. 

Lastly, I would recommend building a strong relationship with local realtors. The flip house that I am currently under contract on came from my realtor... the realtor contacted me with the lead prior to officially listing the property. I made an offer and got under contract prior to the property hitting the market. Be specific with the relators on what you're looking for and stay in regular contact with them. Eventually, when they have a ****** listing they will think of you... the local house flipper who is determined to make positive impacts on the community. You've got this! 

PS. Have you thought about holding onto your flips as rentals? I am sure you're familiar with BRRRR, but if not I'd encourage you to look into it.

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